Saylor's Strategy Expands Bitcoin Holdings to 843,738 BTC with $2 Billion Purchase
Saylor’s Strategy scoops $2B Bitcoin, holdings reach 843,738 BTC
Image: Cointelegraph
Strategy, co-founded by Michael Saylor, has acquired an additional 843,738 BTC for approximately $63.87 billion. The recent purchase was funded primarily through the sale of 19.5 million STRC shares, raising about $1.95 billion. This move positions Strategy ahead of BlackRock in Bitcoin holdings, reflecting Saylor's ongoing commitment to cryptocurrency.
- 01The average purchase price for the recent Bitcoin acquisition was $80,985 per BTC, raising the company's cost basis to $75,700.
- 02Strategy’s Bitcoin holdings are currently valued at around $65.3 billion, based on CoinGecko data.
- 03The recent funding strategy involved selling 97% of proceeds from STRC perpetual preferred stock, with common stock contributing about $83.7 million.
- 04Saylor indicated the potential for selling Bitcoin to protect its long-term value, suggesting a strategic flexibility in asset management.
- 05Strategy has conducted 109 Bitcoin acquisition events since 2020, highlighting its aggressive accumulation strategy.
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Strategy, co-founded by Michael Saylor, has significantly increased its Bitcoin holdings to 843,738 BTC, valued at approximately $65.3 billion. This latest acquisition involved spending around $63.87 billion, with the purchases made at an average price of $80,985 per BTC. The funding for this substantial buy came primarily from the sale of 19.5 million STRC perpetual preferred shares, which generated about $1.95 billion, accounting for 97% of the total proceeds. The company's Class A common stock (MSTR) contributed a smaller portion, raising around $83.7 million. This aggressive strategy positions Strategy ahead of BlackRock, which manages about 817,000 BTC for its clients. Saylor has previously indicated a willingness to consider selling Bitcoin to safeguard its long-term value, suggesting a more dynamic approach to asset management. This acquisition follows a record trading day for STRC shares, reinforcing the company's active engagement in the cryptocurrency market.
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